UAH 8.3 million tax evasion scheme in apartment sales: ESBU serves notice of suspicion

 Detectives of the Main Detective Unit of the Economic Security Bureau of Ukraine have uncovered a scheme of intentional tax evasion involving the systematic sale of apartments in high-rise residential buildings in the Kyiv region. The total amount of unpaid taxes exceeds UAH 8.3 million. The suspect has been served a notice of suspicion.

The investigation revealed that over several years, the man conducted multiple property alienation transactions, generating a steady profit—effectively engaging in business activities without proper registration.

Despite this, instead of the 18% tax rate mandated for such activities, a 5% rate—typically reserved for occasional, one-off real estate transactions—was applied during income declaration.

As a result, the state suffered a tax revenue loss of over UAH 8.3 million, a figure confirmed by a forensic economic expert report.

The suspect was served a notice of suspicion under Part 3 of Article 212 of the Criminal Code of Ukraine (intentional tax evasion on a particularly large scale).

The pretrial investigation is ongoing. The Prosecutor General’s Office is providing procedural guidance.